This Chart is just to think about. Can this market go to the moon? Is there so much liquitity? Or should we leave the Party now?
Need we a after the Party a hangover? A market is never riskless! There are good reason that its over now....
Sometimes its necessary to look at the big picture. This Bullmarket is so driven by money, hope, no alternatives, central banks, long trading algorithme
It looks like we have reached a Wave 5. And we have exactly extended 50 Prozent of the last correction.Could this be a reason for wind of change?
What happens, when Trend chances? Many Stopps in the Market could...
I write an Update of FTR because we have left the Fork of my Last Update. The FTR Price fluctuated at the UMH for some days. Then it broke and we made new lows.
The Situation now is not very clear. Since we have new Lows generated we have to accept in worst case a new low again.
But Friday late, something strange has happend. Very high Volume has occured by...
We see, that the Volume slows down. Downwardsmomentum goes back. We came back into the Fork. I believe that by now a upwardscorrection should set in.
Dont forget, that still many are still quite short. Bye such low Volume , a short squezze could be quite serious. To cover the shorts they need about 9 days.
I believe the Market sees the Future of this Stock to...
Here we come to a good Support point. This stock is a 52 week low stock. Its one of the most shorted Stock. About 250 Million Stocks are short. About 20 Prozent of all Stocks.
This Stock gives you 11 % Yield.
For me looks this for a short squezze soon. Look for a bottom here. 1.20- 1.30....
I believe that we go back to the Centerline of the Fork. Wave C is...
The Smi is testing Support ( Red Line.) If we break, lower levels are very likely. Red 5. Target.
But i believe that we will break the UMP. Twice tested in Past.( yellow). Then we run again to 8400 Points. That could be a interesting Trade. Take care.
Its Dezember . The Green Line is likely . There is enough money to hold the Markets up. But in the New Year a serious correction is very likely. Look at Red Line!
Is there building a overshouting B? Or it establishes a new Impuls up to New Highs?
Santa Claus will tell you.
Because Vix is high and everybody is careful. Maybe oversold. To many are short. it wouldnt surprise we get now a short squese in the next hours or days. It will get really surprising.
My Target is the green Point firstly.
We can see a very nice Impuls in five Wave up. Now we could be in Wave B. Wave C could be a lot deeper.
Look at the Proportions of Fibo Levels. Its like Magic!
Even we are at this nice CL which is now a kind of resistance.
Let us see in a few Month what happend.
We have broken the Centerline. This is a short sign. Unless we will get a reversal in Monthly Chart. If not, the price could fall quite a lot. Dont be surprised when it falls perhaps to 1.10 - 1.12....
In the worst case to the lower Line Parralell . That would be a significant loss of the pound.